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Money saving stories

As soon as the deadline approaches, you will no longer be able to spend your old notes and will have to visit your local bank or building society, post office or the Bank of England's offices to have them traded into new ones.

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You will need to be a customer of the bank for them to exchange the note.

If you have a lot to swap, you may be asked to provide identification, such as a passport or driving licence to trade them in, the Mirror reports.

Launched in September last year after the release of the new polymer fiver, the new note has several new features to make them a little more sturdier.

File photo dated 14/10/17 of British bank notes and coins, as an Oxfam report has shown that growing inequality resulted in 82\% of new global wealth going to the richest 1\% last year, while the poorest half of the world saw their prosperity flatline.

Is my note worth more than just £10?

After the release of the new £10 note, it emerged that some were worth a lot more than face value, as was the case with the new fivers.